Unlock value with payroll outsourcing
The pace of change is accelerating like never before, and organizations need to be highly agile and strategic. Paying your people accurately, on time, and in line with ever-changing requirements is essential, but it also takes considerable time and resources. Outsourcing payroll to a trusted partner can drive real value by allowing organizations more time to focus on solving challenges and meeting their goals.
Mitigate risk and improve accuracy
It’s challenging to stay on top of changing legislation and taxation rules. Payroll outsourcing services can help. With the right payroll outsourcing provider, you can maintain high levels of security and privacy, while helping your organization manage changing requirements and reduce risk.
Refocus your team on strategic initiatives
Running payroll efficiently involves a lot of moving parts. You need to hire the right people with the right skills, invest in extensive and ongoing training, and have a plan to ensure business continuity at all times. Outsourcing payroll to trusted experts allows you to focus that energy – and budget – on your business goals, while keeping your valued team members paid accurately and on time.
Scale your payroll function to meet business needs
As the world continues to change rapidly, so do the needs of your business. Whether your organization is in a growth phase or your business model is evolving, change will impact your payroll function. Outsourcing gives you access to the right expertise to handle spikes in demand, support restructuring, or undergo a merger or acquisition.
Outsourcing payroll drives real business value
Payroll outsourcing partners combine decades of expertise with technology to provide a complete view of your data. Gain access to the talent and resources you need to process your payroll, address employee requests, and execute year-end activities.
A single system
Outsourcing payroll can help minimize your IT infrastructure by reducing the number of interfaces, credentials, and security measures to maintain. A payroll outsourcing partner using a single application can help you consolidate your systems and provides a single source of truth for your data.
Reduce risk and save time by relying on a partner to help manage your tax fulfillment needs, including compliance, filing, and administration. Ceridian's payroll outsourcing experts provide integrated garnishment administration and in-house tax services under a single contract.
Frequently asked questions about payroll outsourcing
When you outsource payroll for your organization, professionally trained experts will partner with you to handle part of the payroll process on your behalf.
After you’ve set up your payroll, these experts function as an extension of your business and take care of your payroll processing, including the calculation of taxes and deductions, meeting government remittance deadlines, preparing your payroll for year-end, and addressing pay-related employee inquiries.
From the employer’s end, you’ll need to ensure that accurate employee information and hours worked are submitted. Prior to processing, you’ll also have an opportunity to review your payroll expense for the pay period and see reports that give you insight and visibility into your labor spend.
There are various factors for organizations to consider when deciding whether or not to outsource payroll. Here are a few considerations:
- Whether or not you are prepared to address the complexities of changing legal requirements – especially if you operate in multiple regions
- Whether or not staffing payroll in-house is the best use of your available resources
- The time and cost associated with filling talent gaps when payroll professionals leave
- The time and cost associated with providing ongoing training to support compliance
For more information to help you determine if outsourcing payroll is right for your organization, read our blog Outsourcing payroll: Supporting business continuity and reducing risk exposure.
The goal of outsourcing payroll is to ensure your people are paid accurately, and on time, while reducing the amount of effort and resources required of your organization. That being said, it’s also important to ensure you have full visibility into your payroll.
When you’re evaluating payroll vendors, here are some things to consider and ask:
- How much experience does this vendor have managing payroll for organizations of similar size and complexity to yours?
- How can this vendor help you standardize processes and drive efficiency?
- How does the vendor handle quality control?
- How does the vendor help maintain security, privacy, and compliance?
- What technology does the vendor use and how will it integrate with your existing systems?
- Will the vendor provide you with a single point of contact, ideally a customer relationship manager who understands your business?
Organizations should look for a payroll provider that combines deep functional expertise with innovative technology to provide complete visibility into your payroll data and reporting. That provider should also share best practices and guidance tailored to your needs and goals.
Learn more about Ceridian’s Managed Services.
See how payroll outsourcing fits with your business
Discover how Ceridian’s Managed Services can help you manage your payroll so your organization can focus on the future.
Already a customer and need support? Click here.